Some Small,new Industries Are Not as Efficient as Their More

question 32

Multiple Choice

Some small,new industries are not as efficient as their more mature foreign competitors.The argument for protecting these industries from foreign competition is known as the

• A) national security argument.
• B) infant industry argument.
• C) unfair competition argument.
• D) antidumping argument.

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Definitions:

Horizontal Analysis

A financial analysis technique that compares historical financial data over a sequence of reporting periods, using a base period to identify trends and growth patterns.

Vertical Analysis

A method of financial statement analysis in which each line item is listed as a percentage of a base figure, facilitating comparisons.

Comparative Balance Sheet

A financial statement that presents the financial position of a company at different points in time, side-by-side, to facilitate comparison.

Plant Assets

Tangible resources that are used in the operations of the business and are not intended for sale to customers.